U.S. DOLLAR / RUSSIAN RUBLE

USDRUB Index Chart

USDRUB

USD RUB (US Dollar / Russian Ruble)

The US Dollar vs. the Russian Ruble pair is representing the two contradicting and rival economies and political systems in the world. This pair is very sensitive to the crude oil volatility as the Russian economy depends on the petroleum market greatly. The US Dollar, which is the most traded currency in the world, is considered to be very stable and safe in this pair.

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USDRUR is fully aligned with the price action in Crude. We finally have the 20-month low volatility mode shattered, the triangle is a terminal structure so the only possibility for USDRUB now is to thrust higher, taking out the previous cycle highs. The targets are 115..130.

Hey, mates. Cypher pattern on Ruble. With my broker it is almost completed. On tradingview it is far from completion. Nevertheless, check it out. Watch my full analysis video explanation in Signature section below this description. It is called "sample video". It explains higher timeframe analysis, cypher pattern rules, enties, stops and targets.

The triangular shape of the correction made me worry a bit, but when I looked inside I saw an ABC with a flat correction in B, which means the trend has a good chance to grind a lot higher. I assume we have nearly completed the correction, and possibly after the payrolls tomorrow the free fall in Crude will resume, which will drive USDRUB up to the new highs.

The market has been slow the past few days ahead of the Independence Day, so no breakout happened neither in CAD, nor in RUR or Crude. Here's the updated wave count for RUR: it's is running one extra subdivision in w5 down, and I would assume this will be the final one before a bounce.
I do continue to believe that we are dealing with a 1.5 year flat correction ...

Hi All, the correction in the markets has been long enough and it has now become a correction of one larger degree. This means that the subsequent moves will be of much larger magnitude than I had originally thought.
Specifically for the holders of Russian roubles - my only advice is that those of you who have any spare roubles in the pockets should convert them ...

Hi All,
with the trend in Crude still intact USDRUB has everything it needs to get into lower 90s. Probably end Jan or very early Feb. This will be an ideal opportunity to sell some dollars, buy some RURs and hold them for another half a year. Then, once we hit 55, it will be time to buy the dollars again.

Those who live in the RUR world and trade in dollars will have a good opportunity to stock up some RURs during the last week of this year because the rouble will be quite cheap, and it will become more expensive later, so those of you who pay taxes in RUR, it could be a good idea to get a few RURs upfront, put them in a bank at a few % interest for half a year, ...